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Fibonacci Golden Zone Strategy

Fibonacci Golden Zone Strategy

Fibonacci Golden Zone Strategy Leonardo Pisano developed a simple series of numbers that created ratios describing the natural proportions of things in the universe. And these numbers have been used by traders now for many years!    Your charting software should come with a standard Fibonacci retracement tool; however, you are the one that puts this on your chart.  The bottom line is that many traders use this tool which is why it is highly important to have a trading strategy that uses this.  You are going to need to know where to apply these fibs. You will need to place them on the swing high/swing low.    A Swing High is a candlestick with at least two lower highs ​on both the left and right of  itself.  A Swing Low is a candlestick with at least two higher lows ​on both the left and right of itself.  A quick thing to remember about this: if it is an uptrend you want to start with the swing low and drag your Fibonacci level all the way up to the swing high. If it’s a downtrend you start with the swing high and drag your cursor all the way down to the swing low.  Now, what if we told you there is a simple way to draw the Fibonacci retracement levels on your price chart.    What if everything is done automatically?    Well, our team at Trading Strategy Guides has developed a proprietary Fibonacci Golden Zone indicator that once placed on the chart it will instantly plot the Fibonacci retracement levels of the last swing.  You’ll not need to pick by yourself the swing high/low levels as the Fibonacci Golden Zone indicator will do the job for you.  Forex traders identify the Fibonacci retracement levels as areas of support and resistance.  Because of this, the levels are watched by many traders, which is why the Fibonacci Golden Zone strategy could be a difference maker to your trading success.    The Golden Zone is represented by the price area between the 38.2% and 61.8% Fibonacci retracement. Obviously, the 61.8% is the most critical number in our strategy.    Now that we’ve learned the importance of the Fibonacci retracement levels and why they work in analyzing the financial market let’s have a look at the rules of the Fibonacci Golden Zone Strategy.    Attached : Fibonacci Golden Zone DashBoard.ex4 Fibonacci Golden Zone.ex4 Fibonacci Golden Zone.tpl Fibonacci Golden Zone manual.pdf Available for ... Read More »

Set your stop loss by candlestick analysis

Set your stop loss by candlestick analysis

Set your stop loss by candlestick analysis A major human flaw, setting a stop, and then changing our mind when prices get near the stop price. That process defeats the purpose of setting the stops in the first place. Why do investors change their minds? When making irrational evaluations, investors will make irrational decisions. However in the heat of trading, ... Read More »

Trendline Breakout Trading Strategy

Trendline Breakout Trading Strategy

Trendline Breakout Trading Strategy   By /// forextrendlinetrading.com   When trade moves by the amount that is risked, move your stop loss to break-even. This is the best practice to preserve your account. Don’t worry about getting stopped out. Better that you get stopped out with break-even trade than with a loss. There will be opportunities tomorrow. Or what you can also do ... Read More »

Trading The Pristine Method

Trading The Pristine Method

Trading The Pristine Method   Presented by: Paul Lange   You Will Learn: How you can read, interpret and decode fear and greed in any market using only Technical Analysis Pristine’s arsenal of proprietary candlestick chart patterns to use in any market condition Pristine’s 7 Building Blocks to Trading Mastery The key to maximizing 2-5 day swing trading opportunities Pristine’s unique Point System to ... Read More »